FuelQuest, PMAA Reach Accord
HOUSTON -- A legal scruff between the Petroleum Marketers Association of America (PMAA) and online fuels supply chain management group FuelQuest Inc. is over with both sides agreeing to continue their long-term partnership.
PMAA will continue to recommend FuelQuest as an online technology provider to the petroleum marketing industry. "FuelQuest continues to provide technologies that drive bottom line savings to petroleum marketers," said PMAA President Dan Gilligan. "This is evident by the over 800 customers that use FuelQuest technologies to automate motor fuel excise tax compliance and manage the fuel and lubricant supply chain."
Douglas Haugh, FuelQuest's vice president of marketing and sales, added, "PMAA and its members have and will continue to be an area of focus for our solutions that are continuing to generate value and savings throughout the supply chain. Marketer Online and Fuel Management Online continue those trends with strong financial impact and return on investment."
PMAA earlier this year filed suit against FuelQuest in federal court, accusing the company of pulling out of a five-year, $500,000 agreement. FuelQuest countersued, alleging that PMAA breached an exclusive arrangement when it entered into deals with other e-commerce companies. Under the arrangement, FuelQuest is to receive PMAA's endorsement for Internet fuel marketing services.
The deal is in its third year. But earlier this year, the arrangement took an ominous turn when Haugh informed PMAA's executive committee that FuelQuest would halt payments to the Arlington, Va. federation, which represents 7,850 independent petroleum marketers nationwide.
FuelQuest develops solutions to create more efficient supply chain for the downstream petroleum segment.
PMAA will continue to recommend FuelQuest as an online technology provider to the petroleum marketing industry. "FuelQuest continues to provide technologies that drive bottom line savings to petroleum marketers," said PMAA President Dan Gilligan. "This is evident by the over 800 customers that use FuelQuest technologies to automate motor fuel excise tax compliance and manage the fuel and lubricant supply chain."
Douglas Haugh, FuelQuest's vice president of marketing and sales, added, "PMAA and its members have and will continue to be an area of focus for our solutions that are continuing to generate value and savings throughout the supply chain. Marketer Online and Fuel Management Online continue those trends with strong financial impact and return on investment."
PMAA earlier this year filed suit against FuelQuest in federal court, accusing the company of pulling out of a five-year, $500,000 agreement. FuelQuest countersued, alleging that PMAA breached an exclusive arrangement when it entered into deals with other e-commerce companies. Under the arrangement, FuelQuest is to receive PMAA's endorsement for Internet fuel marketing services.
The deal is in its third year. But earlier this year, the arrangement took an ominous turn when Haugh informed PMAA's executive committee that FuelQuest would halt payments to the Arlington, Va. federation, which represents 7,850 independent petroleum marketers nationwide.
FuelQuest develops solutions to create more efficient supply chain for the downstream petroleum segment.